Essay
Lear Flower Shop presented the stockholders' equity section of its balance sheet on January 1,2012,as follows:
All common shares were originally sold for $6 each.The following transactions occurred during 2012:
-- Reacquired 3,000 shares of common stock at $15 per share on February 16.
-- Sold 2,000 shares of treasury stock at $20 per share on June 1.

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